1) When the supply and demand curves intersect, the market is in equilibrium. This is where the quantity demanded and quantity supplied are equal.
2)The corresponding price is the equilibrium price or market-clearing price, the quantity is the equilibrium quantity.
3) goods brought on by fads
4) Because supply shock is a sudden change of a good. Meaning if it is a negative shock, the equilibrium price and quantity of course will go down. And if it is a positive shock, vice versa of negative.
5) consumers are able to pay more so they can buy a product when rationing makes it unavailable
Answer:
1. a. The Souths Strong military tradition.
2. c. Produced more food crops.
3. c. He failed to secure foreign support which illustrates that the Confederacy needed foreign aid to match Union resources.
4. a. A larger army, but fewer exports
5. b. The North's heavy industrialization provided an advantage
Sorry I didn't answer this earlier but I didn't see that until now.
18 and $3.50 because the equilibrium is when they cross
<span>A wildcat strike is a strike action undertaken by
unionized workers without union leadership's authorization, support, or
approval; this is sometimes termed an unofficial industrial. Thus your answer is 'a strike not approved by a union'.</span>
It is A, because it was only the Soviet and USA. Hope it helps!
